Special V C Session – NTR Pvt. Ltd. participation

Neogi Technologies & Research Pvt. Ltd. joined Special V C Session with Mr. Ram Mohan Mishra, SS & DC. Ministry of MSME on 21 April, Tuesday, at 11 am., through Webinar organized by Confederation of Indian Industry, Eastern Region MSME Subcommittee. Mr Shreekant Somany, Chairman, CII National MSME Council in his opening remarks expressed his views on the present situation of MSMEs due to COVID -19. He also proposed to the Government to introduce a Technology Fund only for MSMEs to make themselves competitive on Emerging Technologies/ Continuing Development. Mr. Ashok Saigal, Co-Chairman CII National MSME Council explained the present challenges and some recommendations suggested by CII. Mr Ram Mohan Mishra SS & DC, Ministry of MSME, Government of India pointed out few initiatives to be tabled shortly by the Government of India in favour of MSME to combat post-COVID-19 situations like arrangement of Fund for growth and survival, reduction of interest rate for Bank Loan, Re-Designing of different Schemes, New Guidelines for Cluster Development to cope up with the new challenges waiting at the door-step of Post-COVID- 19 environment and Fund arrangement for Innovation and to build competitiveness. He also advised that COVID-19 is a short term trauma after which big opportunities will knock on our doors. In the meantime, every MSME has to transform themselves to SMART MSME. 5S, Skill Development, Building Competitiveness, Knowledge Management, Lean Management, Restructuring etc. are the few steps required to enter post-COVID-19 Global Market / provide support service to foreign OEM/ collaborative approach with Industry giant. Mr Vijuy Ronjan, Chief General Manager, SBI explained the initiative of the SBI 'Fund for COVID-19 for MSME. On the present situation the " PNB initiatives" were explained by Mr Punit Jain GM MSME, PNB. Mr Tarun Sen of NTR Pvt. Ltd., FOSMI, Mr Todi of CII pointed out a few burning problems which checks the growth of MSMEs. Mr Somany was in accord with these views.